Quotes by

Adam Smith

People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. – Adam Smith

To found a great empire for the sole purpose of raising up a people of customers, may at first sight appear a project fit only for a nation of shopkeepers. It is, however, a project altogether unfit for a nation of shopkeepers, but extremely fit for a nation that is governed by shopkeepers. – Adam Smith

No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable. – Adam Smith

Adventure upon all the tickets in the lottery, and you lose for certain and the greater the number of your tickets the nearer your approach to this certainty. – Adam Smith

Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things. – Adam Smith

Resentment seems to have been given us by nature for a defense, and for a defense only! It is the safeguard of justice and the security of innocence. – Adam Smith

To feel much for others and little for ourselves to restrain our selfishness and exercise our benevolent affections, constitute the perfection of human nature. – Adam Smith

Labor was the first price, the original purchase – money that was paid for all things. – Adam Smith

No complaint… is more common than that of a scarcity of money. – Adam Smith

Labour was the first price, the original purchase – money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased. – Adam Smith

This is one of those cases in which the imagination is baffled by the facts. – Adam Smith

Poor David Hume is dying fast, but with more real cheerfulness and good humor and with more real resignation to the necessary course of things, than any whining Christian ever dyed with pretended resignation to the will of God. – Adam Smith

What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience? – Adam Smith

Happiness never lays its finger on its pulse. – Adam Smith

The propensity to truck, barter and exchange one thing for another is common to all men, and to be found in no other race of animals. – Adam Smith

All money is a matter of belief. – Adam Smith

The real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence. – Adam Smith

It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest. – Adam Smith

Labor was the first price, the original purchase-money that was paid for all things. It was not by gold or by silver, but by labor, that all wealth of the world was originally purchased. – Adam Smith